Jindal Stainless Plans Rs 700 Crore Investment In Renewable Projects: Report Updated On Tue, Mar 5th, 2024 by Saurenergy Stainless steel company Jindal Stainless Ltd (JSL) will invest Rs 700 crore over the course of the next three years regarding renewable energy projects. According to media reports, this will be done to reduce its carbon footprint, including the embedded emissions across its offerings. Media reports quoting Abhyuday Jindal, Managing Director, JSL, stated that investments […] Read more
Conference on Distributed Renewable Energy for Sustainable Development Updated On Wed, Feb 28th, 2024 by Saurenergy Power Foundation of India organized a conference on “Distributed Renewable Energy for Sustainable Development” in New Delhi, on 27th February 2024. The Conference was organized in collaboration with Climate Policy Initiative. The Conference brought together key stakeholders from the Government, Private and Public sectors, and policy think tanks. Notable participants included Bhupinder Singh Bhalla, Secretary, […] Read more
MNRE Finalises BESS Mechanisms For ‘Round-the-Clock’ Renewable Energy Updated On Mon, Feb 26th, 2024 by Saurenergy A meeting was held by Union Minister for Power and New & Renewable Energy RK Singh on February 22 regarding finalising the structure for operationalizing the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with a capacity of 4,000 Megawatt Hours (MWh). The minister emphasised that the price […] Read more
Biden-Harris Administration Invests $60 Mn To Expand Renewable Energy Updated On Wed, Feb 14th, 2024 by Saurenergy United States (US) Department of Energy (DOE) announced the selection of three projects for which it claimed to receive up to $60 million. This project is undertaken to demonstrate the efficacy and scalability of enhanced geothermal systems (EGS). It was funded by DOE’s Geothermal Technologies Office in the Office of Energy Efficiency and Renewable Energy. […] Read more
India’s Renewable Energy Capacity To Reach 54% By 2047: NREL Updated On Mon, Jan 29th, 2024 by Saurenergy A recent report by the United States (US)-based organization National Renewable Energy Laboratory (NREL) anticipated an increase in the share of renewable energy (RE) generation from wind and solar in India to reach 54 percent by 2047. The NREL report evaluated, “In the base scenario, investments in battery storage are economic in 2030 is expected […] Read more
“International Initiatives Such As CBAM And Carbon Trading Will Support RE Adoption”, Akshay Hiranandani, Serentica Renewables Updated On Mon, Jan 29th, 2024 by Saurenergy Has Serentica’s launch plan changed since its inception, or is it following the original plan to achieve the fastest renewable expansion? Can you provide the current status of the firm’s plans, including specific timelines for capacity additions? Serentica remains committed to industrial decarbonization and providing 24/7 green power for hard-to-abate industries. Our current focus centers […] Read more
EDP Renewables Commissions 297 MW Sharp Hills Wind Farm in Canada’s Alberta Updated On Thu, Jan 25th, 2024 by Saurenergy Renewable energy company EDP Renewables along with its Canada-based arm commissioned the Sharp Hills Wind Farm near the hamlets of Sedalia and New Bridgen in Alberta, Canada. The project aims to elevate Alberta’s status as a renewable energy leader in Canada as well as to diversify the energy resources in the province. The Sharp Hills […] Read more
IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects Updated On Thu, Jan 18th, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […] Read more
Mahindra, Ontario Teachers’ Co-Sponsor 2262.8 Crore Renewable Project Updated On Mon, Jan 15th, 2024 by Saurenergy Mahindra Group, a farm equipment, utility vehicles, information technology and financial services businesses in India, and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), an institutional investor, have co-sponsored an Infrastructure Investment Trust (InvIT) in the renewable energy space. The InvIT, ‘Sustainable Energy Infra Trust’ (SEIT), is India’s InvIT in the renewable energy space. SEIT has […] Read more
